No person shall be appointed as a member of the board-
| a) | if he is an unrehabilitated insolvent; |
| b) | if he was at any time, within the Republic or elsewhere, convicted of an offence and was sentenced to imprisonment without the option of a fine; |
| c) | if he is not a South African citizen and is not permanently resident within the Republic. |
| d) | if he or she holds any office of profit under the Republic or is a member or employee of any local government body: Provided that this paragraph shall not apply to the person referred to in section 4(2)(c). |
